10-Q Filing

MITESCO, INC. CIK: 802257 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001185185-18-001053`
Period End Date	20180331
Filing Date	20180604
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	tnty-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 26 Cash Flow Statement 39

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.93M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.84M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$766.36K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.93M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$772.40K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$147.89K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$79.56K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$8.50K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$91.07K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$55.58K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$50.66K	USD	Point-in-time
Convertible note payable	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible note payable	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible note payable, in default	`ConvertibleNotesPayableCurrent`	$196.27K	USD	Point-in-time
Convertible note payable, in default	`ConvertibleNotesPayableCurrent`	$196.27K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$75.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$75.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 20,835,997 and 18,930,874 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`CommonStockValue`	$208.36K	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 20,835,997 and 18,930,874 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`CommonStockValue`	$189.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.84M	USD	Point-in-time
Stock payable	`StockPayable`	$39.89K	USD	Point-in-time
Stock payable	`StockPayable`	$39.89K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.34M	USD	Point-in-time
Total (deficiency in) stockholders equity	`StockholdersEquity`	$-1.25M	USD	Point-in-time
Total (deficiency in) stockholders equity	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$53.28K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$228.37K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$228.37K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$53.28K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-53.28K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-228.37K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.91K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.16K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-4.91K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-7.16K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-233.28K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-60.44K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-233.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.44K	USD	1 Quarter
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.94M	shares	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.22M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.22M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.94M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-233.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.44K	USD	1 Quarter
Gain on conversion of accrued interest	`GainsLossesOnRestructuringOfDebt`	$-2.25K	USD	1 Quarter
Gain on conversion of accrued interest	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$137.53K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.29K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$65.39K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.84K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$25.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.24K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$19.03K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-24.56K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.91K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.91K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.95K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	$22.00K	USD	1 Quarter
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$55.00	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.00	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.00	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$32.00K	USD	1 Quarter
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$12.00K	USD	Point-in-time
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$198.13K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.